double taxation

(redirected from Dual taxation)
Also found in: Legal, Wikipedia.

Double taxation

Government taxation of the same money twice; specifically, earnings taxed first at the corporate level and then again as dividends at the stockholder level.

Double Taxation

A situation in which the same earnings are taxed twice. One of the most common examples of double taxation occurs when a publicly-traded company pays corporate taxes on its earnings. It then passes on some of those earnings to shareholders as dividends, on which they must pay individual income tax or capital gains tax. Various means exist to reduce double taxation. See also: Tax avoidance.

double taxation

Taxation of the same income twice by the same taxing authority. It is generally used to refer to the taxation of dividends that are taxed once at the corporate level (as income before dividends are declared) and again at the personal level (when the dividends are received).

double taxation

the TAXATION of INCOMES and PROFITS in both the country where they arise, and again where these incomes and profits are remitted to the income earner's home country. Such double taxation can be a significant deterrent to international labour and capital movements. For this reason many countries have negotiated double taxation agreements which limit taxation liability to the country in which the income is earned. Compare UNITARY TAXATION, WITHHOLDING TAX.

double taxation

the TAXATION OF INCOMES and PROFITS, first in the country where they arise and again when these incomes and profits are remitted to the income earner's home country. Such double taxation can be a significant deterrent to international labour and capital movements. For this reason,

many countries have negotiated double taxation agreements, which limit taxation liability to the country in which the income is earned. See UNITARY TAXATION, MIXER COMPANY.

double taxation

A situation said to exist when a corporation must pay taxes on income, make dividend payments to shareholders on after-tax dollars, and then the shareholders must again pay taxes on the dividends. This is the situation with normal corporations, called C-corporations, that do not qualify for S-corporation (small corporation) status. S-corporations file reports allocating pro rata shares of all income to the individual shareholders, who then pay taxes on that number. The corporation itself does not pay any taxes.

References in periodicals archive ?
Later, the Cabinet authorized the Ministry of Justice to sign a draft cooperation agreement with Russia, and the Ministry of Finance to sign a draft agreement on dual taxation and tax evasion with Jordan.
The Cabinet authorized the minister of finance or his deputy to sign a draft agreement on evading dual taxation and preventing taxation evasion on tax on income between the government of the Kingdom of Saudi Arabia and the government of the Hashemite Kingdom of Jordan and its attached protocol, and forward the signed final version for completing legal procedures.
TEHRAN, Nov 30 (KUNA) -- Iran and Hungary signed Monday eight memoranda of understanding (MoU) over cooperation in culture, health, tourism, education and communications, as well as preventing tax evasion and dual taxation.
The government deal with Hungary focused on the prevention of dual taxation, while the one with Pakistan was on aviation co-operation.
Under this particular proposal, countries with which Portugal shares a Dual Taxation Agreement, which include most western nations, would be able to solicit access to Portuguese bank accounts or from other financial institutions.
Government considers the Soviet-era dual taxation convention to continue to be in effect and applicable between the United States and Turkmenistan.
79) of 2013 on an agreement signed between the UAE and Mexico on preventing dual taxation and evasion of income tax and the attached protocol; and federal decree No.
The Chinese Ambassador said that the two friendly countries are set to sign bilateral cooperation agreements related to health, education, banking and avoidance of dual taxation.
Collection of GST by the government in the name of Excise Duty will embarrass provinces who will have to go for dual taxation.
He called for removing dual taxation and to tackle the issue of customs duties to open new horizons and prospects.
We have long advocated for a move away from Worcester's system of dual taxation, under which owners of commercial and industrial property pay significantly more than owners of residential property.

Full browser ?